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EARNINGS PER COMMON SHARE | 12 Months Ended
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Dec. 31, 2011
Earnings Per Share [Abstract] |
Earnings Per Common Share | Earnings Per Common Share Basic earnings per Common Share is computed using net income attributable to common shareholders and the weighted average Common Shares outstanding. Diluted earnings per Common Share reflect the conversion of obligations and the assumed exercises of securities including the effects of awards issuable under the Company’s Share Incentive Plans. In accordance with GAAP, all Common Shares used to calculate earnings per Common Share have been adjusted to reflect a special dividend paid on January 30, 2009, which resulted in the issuance of approximately 1.3 million additional Common Shares. The following table sets forth the computation of basic and diluted earnings per share from continuing operations for the periods indicated:
|  | Years ended December 31,
(dollars in thousands, except per share amounts) |  | 2011 |  | 2010 |  | 2009
Numerator: |  |  |  |  |  |  |  |  |
Income from continuing operations attributable to Common Shareholders |  | $ | 20,062 |  |  | $ | 28,260 |  |  | $ | 26,574 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |
Preferred OP Unit distributions |  | 18 |  |  | 18 |  |  | 19 |
Numerator for diluted earnings per Common Share |  | 20,080 |  |  | 28,278 |  |  | 26,593 |
Denominator: |  |  |  |  |  |  |  |  |
Weighted average shares for basic earnings per share |  | 40,697 |  |  | 40,136 |  |  | 38,005 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |
Employee share options |  | 264 |  |  | 245 |  |  | 212 |
Convertible Preferred OP Units |  | 25 |  |  | 25 |  |  | 25 |
Dilutive potential Common Shares |  | 289 |  |  | 270 |  |  | 237 |
Denominator for diluted earnings per share |  | 40,986 |  |  | 40,406 |  |  | 38,242 |
Basic earnings per Common Share from continuing operations attributable to Common Shareholders |  | $ | 0.50 |  |  | $ | 0.70 |  |  | $ | 0.70 |
Diluted earnings per Common Share from continuing operations attributable to Common Shareholders |  | $ | 0.49 |  |  | $ | 0.70 |  |  | $ | 0.70 |
The weighted average shares used in the computation of dilutive earnings per share include unvested restricted Common Shares (“Restricted Shares”) and restricted OP Units (“LTIP Units”) (Note 15) that are entitled to receive dividend equivalent payments. The effect of the conversion of Common OP Units is not reflected in the above table, as they are exchangeable for Common Shares on a one-for-one basis. The income allocable to such units is allocated on this same basis and reflected as noncontrolling interest in subsidiaries in the accompanying consolidated financial statements. As such, the assumed conversion of these units would have no net impact on the determination of diluted earnings per share. The conversion of the convertible notes payable (Note 9) is not reflected in the table above as such conversion, based on the market price of the Common Shares, would be settled with cash. ACADIA REALTY TRUST AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 20. Earnings Per Common Share (continued) The effect of the assumed conversion of 188 Series A Preferred OP Units into 25,067 Common Shares would be dilutive for the years ended December 31, 2011, 2010 and 2009 and are accordingly included in the table above.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=6945512&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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